As a business owner, you protect yourself financially from certain damages and liabilities by getting business insurance. Since you’re paying for the coverage, it only makes sense to file an insurance claim if you experience a situation that is a covered loss, right?
Not necessarily. You shouldn’t file a claim for every circumstance. There are things that you need to consider before filing a business insurance claim.
Why should you file a claim?
Here are some reasons why you should file a claim:
Why shouldn’t you file a claim?
Here are the reasons to consider not filing a claim:
When should you file a claim?
As soon as you’ve considered all the factors and decided to file a claim, it would be best for you to review your policy again and ensure that you are completely covered against the threats to your business. After that, you should call your insurer as soon as possible.
Before making permanent repairs, you should wait until your insurer advises you to. With that being said, you should always make temporary repairs to prevent the damage from worsening.
For those who want to file business interruption claims, you must have proof of income generated before and after the loss, including relocation expenses to a temporary location.
Here at Wellcovered Insurance Group, we offer you dependable insurance coverage that is tailored according to the needs of your business. To know more about this, feel free to call us at (386) 218-4951 or visit us at our office and get a quote now!